Welcome to our dedicated page for Fathom Holdings news (Ticker: FTHM), a resource for investors and traders seeking the latest updates and insights on Fathom Holdings stock.
Fathom Holdings Inc. reports developments for a national, technology-driven real estate services platform that combines residential brokerage, mortgage, title and SaaS offerings for brokerages and agents. News commonly covers quarterly results, transaction volume, agent network growth, revenue mix across brokerage and ancillary services, and use of the proprietary cloud-based intelliAgent platform.
Company updates also include Fathom Realty leadership appointments, regional brokerage teams joining its agent-first model, partnerships that add home-moving and concierge services, and portfolio actions such as the completed divestiture of LiveBy assets while retaining platform access for agents.
Fathom Holdings Inc. (Nasdaq: FTHM) is set to announce its 2020 fourth quarter and full-year financial results after market close on March 23, 2021. The company operates a national, cloud-based residential real estate brokerage through its subsidiary, Fathom Realty. An investor conference call will be held on the same day at 5:00 p.m. ET. Key financial outcomes and metrics will be discussed, providing insights into the company’s performance and future outlook.
Fathom Holdings Inc. (NASDAQ: FTHM), a technology-driven real estate brokerage, announced its acquisition of Red Barn Real Estate, a firm based in Woodstock, Georgia, with approximately 230 agents serving the Atlanta metro area. This strategic acquisition aims to enhance Fathom's presence in a growing market characterized by rising home sales and median prices. CEO Joshua Harley emphasized the significance of integrating Red Barn's agents into Fathom's platform, which offers proprietary software for competitive advantage. Financial terms of the acquisition were not disclosed.
Fathom Holdings Inc. (Nasdaq: FTHM) has appointed Ravila Gupta to its board of directors, expanding the board to eight members, five of whom are independent. Gupta brings extensive experience in executive management, having previously served as President and CEO of Bagchi Group, Inc. and the Council for Entrepreneurial Development. Fathom's Chairman and CEO, Joshua Harley, highlighted Gupta's skills in strategic planning and business development. Fathom Holdings operates through its subsidiary, Fathom Realty, providing a technology-driven, cloud-based platform for real estate professionals.
Fathom Holdings Inc. (Nasdaq: FTHM), a tech-driven residential real estate brokerage, has successfully acquired Naberly Solutions through its subsidiary intelliAgent. This acquisition is aimed at enhancing Fathom's technology independence, operational efficiency, and agent support. CEO Joshua Harley emphasized that Naberly will contribute to a robust technology offering, which is crucial for agent growth. The company also plans to introduce an enhanced platform version to create a national real estate portal, expanding lead generation opportunities for both Fathom and non-Fathom agents.
Fathom Holdings Inc. (Nasdaq: FTHM) announced an expanded agent referral program designed to enhance its growing network. Agents will receive $500 in stock grants for each referred agent, increasing to $1,000 for the second through fifth referrals, $1,500 for the sixth through tenth, and $2,000 for eleven or more. This initiative builds upon the previous year’s program and aims to reward existing agents while driving more referrals. Fathom Realty, with over 5,000 agents across 27 states, leverages a cloud-based platform to support its business model.
Fathom Holdings (Nasdaq: FTHM) announced its subsidiary, intelliAgent, has signed an agreement to acquire Naberly Solutions, a cloud-based technology platform for real estate professionals. This acquisition, expected to close in Q1 2021, aims to enhance Fathom's intelliAgent suite by integrating Naberly's lead generation and CRM capabilities. Fathom's CEO noted that this will reduce costs over time and improve revenue per agent. Additionally, the integration supports plans to launch a national real estate portal, fostering competition in the market.
Fathom Holdings Inc. (NASDAQ: FTHM) announced its entry into the Michigan market, now operating in 27 states and 113 local markets. With a new license, Fathom will focus on 17 communities, including major cities like Dearborn and Livonia. The company appointed Kay Ready as Southeast Michigan District Director, bringing over 25 years of sales experience. The CEO, Joshua Harley, emphasized that this expansion aligns with the company's goals and is expected to capitalize on Michigan's anticipated population growth and housing demand.
Fathom Holdings Inc. (Nasdaq: FTHM) has completed its acquisition of Verus Title Inc., enhancing its residential real estate services by adding title insurance services. This strategic move aims to offer agents a competitive edge and aligns with Fathom's growth trajectory. Fathom Realty operates a national, cloud-based brokerage model providing agents with 100% commission and minimal transaction fees through its proprietary software, IntelliAgent.
Fathom Holdings Inc. (Nasdaq: FTHM) has been recognized as the second-best large company to work for by The Dallas Morning News for the fourth consecutive year. This accolade reflects the company’s commitment to a culture of inclusion, ethics, and service. Fathom Realty, its cloud-based subsidiary, offers agents competitive compensation and support, enabling them to thrive in a competitive market. The rankings were based on survey results from various businesses in the Dallas-Fort Worth area, highlighting Fathom's strong agent satisfaction.
Fathom Holdings (FTHM) reported third-quarter 2020 revenue of $55.8 million, up 74% from $32.1 million year-over-year. The company completed approximately 8,100 real estate transactions, a 56% increase from last year. Average revenue per transaction rose 12% to $6,895. The GAAP net loss narrowed to $184,000, or $0.02 per share, compared to a loss of $239,000 the previous year. Adjusted EBITDA improved to $5,800 from a loss of $170,000. The company's agent network grew to 5,026 agents, up 38% year-over-year.